Unilever only wants to have its headquarters in London

Rotterdam has lost

15-Jun-2020 - United Kingdom

The consumer goods group Unilever wants to concentrate its double headquarters in Great Britain and the Netherlands only in London. The manufacturer of soups, ice cream and tea announced on Thursday that the current dual structure is to be united in only one parent company in Great Britain. The new structure is expected to provide greater entrepreneurial flexibility. This is of great importance in view of the Corona pandemic.

The Group, which includes the Knorr, Pfanni and Magnum brands under one roof, currently has a dual corporate structure.

For more than 90 years, the company has had a headquarters in Rotterdam, the Netherlands, and a site in Great Britain, which has since left the European Union. About two years ago, the company actually wanted to move its headquarters to the Netherlands. However, this plan by former Unilever boss Paul Polman failed due to resistance from British shareholders.

An internal investigation has shown that the current dual structure is causing problems, Unilever said. The reorganization should not affect the number of employees or other entrepreneurial activities in the two home countries. The food division will continue to be based in Rotterdam, the personal care division in Great Britain.

Unilever acknowledged that the Dutch Government had requested an undertaking that the food and household products division based in the Netherlands would remain in the Netherlands even in the event of separation from the group.

In technical terms, the restructuring is to take the form of a merger of the two parts of the Group - Unilever Plc and Unilever NV. Shareholders of the Dutch Unilever division are to receive shares in the future parent company Unilever Plc. Unilever expects the merger to take place in the course of the year, subject to shareholder approval. dpa.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

https://www.yumda.com/en/news/1166701/unilever-only-wants-to-have-its-headquarters-in-london.html